Cyngn (CYN) - Net Assets

Net assets on the balance sheet as of September 2024 : £5.23 Million

According to Cyngn's latest financial reports the company has £5.23 Million in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Cyngn - Net assets on balance sheet (from 2020 to 2024)

Net assets by year

Year	Net assets	Change
2023-12-31	$£8.34 M	-58.12%
2022-12-31	$£19.93 M	20.95%
2021-12-31	$£16.48 M	301.33%
2020-12-31	$£4.1 M	-60.99%
2019-12-31	$£10.52 M

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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Cyngn (CYN) - Net assets